Hershey Reaffirms FY24 Outlook: Revenue Growth +2% To +3% Vs. $11.47B Estimate, Adj. EPS $9.59 Vs. $9.57 Estimate
Portfolio Pulse from Benzinga Newsdesk
Hershey has reaffirmed its fiscal year 2024 outlook, projecting revenue growth of 2% to 3% compared to an $11.47 billion estimate, and an adjusted EPS of $9.59 versus a $9.57 estimate.
May 03, 2024 | 10:49 am
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Hershey reaffirms its FY24 outlook with revenue growth of 2% to 3% and an adjusted EPS of $9.59, indicating a positive outlook compared to estimates.
Hershey's reaffirmation of its FY24 outlook with revenue growth and adjusted EPS slightly above estimates suggests a positive sentiment towards the company's financial health and operational efficiency. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100